Storm Clouds over Washington and Beijing The rapturous media reception given to President Barack Obama and his team over the past week has obscured some early trouble clouds. Obama’s choice for Treasury Secretary, Timothy Geithner, fired the opening salvo, telling congressional questioners that he believes China is “manipulating” its currency. ‘So what?’ you might ask. [...]
People should acknowledge that China currently has four great “assets”as vital, useful tools to cope with the global financial crisis.
We’ve all heard that the market hates uncertainty and we’re now facing a period of unprecedented change and uncertainty. The inauguration of our new president may or may not help bring about a recovery in America’s ailing economy. We can never predict what will happen in the long run. But in the near term, there’s [...]
There aren’t many golden opportunities in today’s rugged stock market environment but China has provided us with a big one. Don’t just take our word for it. Listen to the words of our newest stock buy’s chairman or take a look at the markets’ reaction. In Hong Kong, Shanghai and New York, stock markets are [...]
Premier Wen Jiabao has urged Chinese companies to stress innovation to combat the impact of global economic turmoil. Wen made the remarks as he visited companies, markets, communities and rural areas in China’s eastern Shandong Province over the first two days of 2009. He sought to reassure people that the economy would be able to [...]